Financing from family member

[Patrick McCandless]

I have a family member who is about to retire and has about $125k that can be cashed out of her primary residence. She is not educated in investing and no matter how much I try to convince her to get into it she just isn't comfortable. So even though I'd rather not mix family with business, I'm trying to think of a way we can both benefit and have her sort of be my hard money lender on BRRRR deals.

Open to any and all ideas. Any tips and advice on doing this would be greatly appreciated. Also, is there somewhere I can find some boilerplate loan docs that we might be able to use? Thanks in advance!

[Curt Davis]

Sometimes no matter what you will not be able to help them understand the benefit of private lending.  Good luck